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#1 06-09-2018 09:45:13

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the euro seems able to climb higher on the forex (UOB)

EUR/USD: the euro seems able to climb higher on the forex (UOB)

     

http://www.forex-central.net/forum/userimages/logo-uob.gif


UOB believes that the EUR/USD can climb higher on the forex during the next few days.

"The EUR/USD bottomed out at 1.1527 on Tuesday and has since rebounded rather solidly.

As we continue to maintain a neutral tone, the improvement in the underlying tone suggests that the rebound has the ability to extent higher in the next few days.

However, it is premature to anticipate the start of a bullish phase, even though a move towards last month's high at 1.1733 would not be surprising.

At this point, we do not anticipate a clear break above this level.

On the downside, only a break below 11530 would indicate that bullish pressures have eased.
"


"Anything worth having is worth going for - all the way." - J.R. Ewing

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